The Kentucky Retirement Systems (KRS) is pleased to announce that Executive Director William A. Thielen has appointed David Peden, MBA, CFA, as Interim Chief Investment Officer (CIO) to replace TJ Carlson, KRS’ current CIO, who will be leaving KRS on December 31, 2013. This decision is fully supported by the KRS Investment Committee, which met to discuss the matter on November 4, and by the KRS Board of Trustees. Mr. Peden will officially take over the CIO responsibilities beginning January 1, 2014. In the meantime, he will work with Mr. Carlson, to ensure a smooth transition process before Mr. Carlson’s departure.

Mr. Peden joined KRS on March 1, 2009 as the Director of Fixed Income with the KRS Investment Division. He previously was with J.J.B. Hilliard, W.L. Lyons, LLC, Louisville, Kentucky. David received a Bachelor’s Degree in Finance with a minor in Economics from Western Kentucky University. He received his MBA from the University of Louisville. He received his designation as a Chartered Financial Analyst (CFA) in 2012. According to the Chartered Financial Analyst Institute: “to earn the CFA charter, you must have four years of qualifying investment work experience; you must become a member of CFA Institute (the global association of investment professionals that administers the CFA charter), pledging to adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct on an annual basis; you must apply for membership to a local CFA member society; and you must complete the CFA program.”